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In 2008, Naila purchased land for $77,000 for use in her landscape business. She sold it in 2014 for $83,000. If Naila has no other
In 2008, Naila purchased land for $77,000 for use in her landscape business. She sold it in 2014 for $83,000. If Naila has no other sales of business or trade property, how will this gain be taxed? |
b $6,000 long-term capital gain.
c $6,000 ordinary income.
d $6,000 Sections 1231 gain
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